“In this record year for social housing initiatives, our focus extends beyond the construction of social housing units; we are creating sustainable communities for all,” stated Minister for Social and Affordable Accommodation Roderick Galdes, as the European Investment Bank and Malita Investments concluded a financing agreement worth €22 million for the development of 267 social and affordable housing units in Ħal Farruġ, with construction advancing steadily.
Minister Galdes stated that the positive relationship that the Government has with the European Investment Bank is leading to the creation of social and affordable housing that sets a benchmark in terms of environmental and social standards.
He mentioned how this year our country will see an unprecedented investment in this sector, a record number of social housing projects and schemes for various beneficiaries. “The Government is committed to providing families in need with housing that is not only social and affordable but of the highest quality and this agreement marks another significant stride in the work we are implementing. The Government is also committed to strengthening existing schemes,” concluded Minister Galdes.
European Investment Bank Vice-President Gelsomina Vigliotti stated that this investment underscores the bank’s commitment to supporting sustainable development and addressing critical social challenges across Europe.
Marlene Mizzi, Malita Investments Chairperson expressed her satisfaction at the confidence which the European Investment Bank has shown in the company and the project at large.
Also present for the signing were Permanent Secretary Emanuel Psaila and Malta Investments Chief Executive Officer Jennifer Falzon.
Photo: MSAA
